TRON revenue surged 46%, closing the gap with Ethereum
crypto.news 03 September 2024 10:20, UTC TRON network’s revenue saw an impressive rise in August while Ethereum recorded a notable decrease.
According to data shared by Lookonchain, TRON’s (TRX) monthly revenue increased by 46.5% — rising from $41.9 million in July to $61.4 million in August. The network is second to Ethereum (ETH) with $62.6 million in revenue in August.
The #TronNetwork’s gas revenue saw a 46.54% increase in August.
Compared to July, #BSC’s gas revenue also saw a 6.63% increase in August, while gas revenue of #Ethereum dropped 33.44%, #Solana dropped 48.51%, and #Bitcoin dropped 16.85%. pic.twitter.com/HChuiq17uB
— Lookonchain (@lookonchain) September 3, 2024
Data shows that Ethereum’s revenue plunged 33% from July’s $94 million mark.
Per a crypto.news report, TRON’s daily revenue reached an all-time high of $5.33 million on Aug. 22 after surpassing Ethereum. This happened after the TRON-based meme coin platform SunPump, Pump.fun’s competitor, gained increased attention from investors and traders.
Data from Lookonchain shows that Solana (SOL) secured the third spot with a monthly revenue of $25.6 million. Notably, Solana’s income was almost cut in half in August — falling from $49.8 million.
Bitcoin (BTC) also recorded a 16.8% decrease in its monthly revenue — dropping from $24.9 million in July to $20.7 million in August.
Per Lookonchain’s data, Binance Smart Chain’s monthly revenue increased by 6.6% — growing from $10.5 million in July to $11.2 million last month.
According to data from crypto.news’ price page, TRX is the only token from the list to register a price surge over the past 30 days, marking a 22% rise. BTC and ETH declined by 4.4% and 16% in the past month.
Binance Coin (BNB) and SOL witnessed 2% and 6.3% drops over the past month.
